Wilmington, Inc., expects to sell 25,000 miniature surfboards for $12 each. Direct materials costs are $4,...

 

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Wilmington, Inc., expects to sell 25,000 miniature surfboards for $12 each. Direct materials costs are $4, direct manufacturing labor is $6, and manufacturing overhead is $0.88 per miniature surfboard. The following inventory levels apply to 2020: Beginning inventory 29,000 units O units 1,700 units Ending inventory. 29,000 units 0 units 3,300 units On the 2020 budgeted income statement, what amount will be reported for cost of goods sold? Wilmington, Inc., expects to sell 25,000 miniature surfboards for $12 each. Direct materials costs are $4, direct manufacturing labor is $6, and manufacturing overhead is $0.88 per miniature surfboard. The following inventory levels apply to 2020: Beginning inventory 29,000 units O units 1,700 units Ending inventory. 29,000 units 0 units 3,300 units On the 2020 budgeted income statement, what amount will be reported for cost of goods sold?

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To calculate the cost of goods sold COGS on the budgeted income statement for Wilmington Inc in 2020 ... View the full answer